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We expect growth to 1.5552

17 September 2015, GBP/USD

The daily chart: an impressive breakthrough to the upper envelope, but it happens with weak ADX, that casts doubt on ability of bulls to move on to the upper Bollinger band (1.5770).

We expect growth to 1.5552

Н4: here ADX parameters are active, so we expect growth to the resistance 1.5625 and possibly to 1.5770.

We expect growth to 1.5552

Н1: intraday range 1.5440-1.5552.

We expect growth to 1.5552

Expectations: so, we're waiting for growth to 1.5552, with a possible pre-pullback to the support 1.5440.

solutions: We buy from 1.5440 to 1.5552.

Aleksey Panasenko
Analyst of «FreshForex» company
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